Cost of food in Nigeria increased 16.87 percent in September of 2025 over the same month in the previous year. This dataset provides - Nigeria Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Rate in Nigeria decreased to 18.02 percent in September from 20.12 percent in August of 2025. This dataset provides - Nigeria Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The average inflation rate in the Nigeria was forecast to continuously decrease between 2023 and 2028 by in total 6.1 percentage points. The average inflation rate is estimated to amount to 14 percent in 2028.Following the definitions provided by the International Monetary Fund, this indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. Depicted here is the year-on-year change in said index measure, expressed in percent.Find more key insights for the average inflation rate in countries like Senegal, Mali and Cote D'Ivoire.

Urban versus rural inflation disparity Comparing rural to urban areas in Nigeria showed that inflation was slightly worse in urban areas, with a difference of close to one percent in 2022. Other economic indicators reveal that inflation had a severe impact on the prices of consumer goods. Moreover, the Consumer Index Price of food in Nigeria in 2022 was 590.2. The food products with the highest percentage change in price was beans with 40 percent and over, depending on the color. That was followed by beef articles with 34 to close to 37 percent, depending on the part.

Fuel price surges: a closer look at diesel price fluctuations in Nigeria Another area that saw a dramatic spike in prices was fuel prices. In February 2023, there was a 0.98 percent rise in the cost of diesel in Nigeria when compared to January 2023. The most substantial surge occurred in March 2022. During that month, the average price of diesel surged by nearly 73 percent in contrast to the preceding month. This sharp escalation was attributed to a worldwide deficit in fuel supply and difficulties in the supply chain, which was prompted by the conflict in Ukraine and regulations implemented to control the transmission of COVID-19. Furthermore, consumers in Nigeria faced an average diesel price of 836.91 Nigerian naira (NGN), approximately 1.82 U.S. dollars, per liter. The North-Central States of Nigeria displayed the most elevated prices, with consumers in this region paying an average of 850.65 NGN per liter, roughly 1.85 U.S. dollars. During this specific timeframe, Osun emerged as the State with the highest price across Nigeria, as diesel prices reached a pinnacle of 707 NGN (equivalent to 1.7 U.S. dollars).

Nigeria Inflation Rate: YoY: Food data was reported at 13.277 % in Oct 2018. This records a decrease from the previous number of 13.309 % for Sep 2018. Nigeria Inflation Rate: YoY: Food data is updated monthly, averaging 11.161 % from Jan 1996 (Median) to Oct 2018, with 274 observations. The data reached an all-time high of 39.535 % in Sep 2001 and a record low of -17.502 % in Jan 2000. Nigeria Inflation Rate: YoY: Food data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.I004: Inflation Rate.

Abstract

Food price inflation is an important metric to inform economic policy but traditional sources of consumer prices are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual price trends in rural or poverty-stricken areas, where large populations reside in fragile situations. This data set includes food price estimates and is intended to help gain insight in price developments beyond what can be formally measured by traditional methods. The estimates are generated using a machine-learning approach that imputes ongoing subnational price surveys, often with accuracy similar to direct measurement of prices. The data set provides new opportunities to investigate local price dynamics in areas where populations are sensitive to localized price shocks and where traditional data are not available.

Geographic coverage notes

The data cover the following areas: Afghanistan, Armenia, Bangladesh, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Congo, Dem. Rep., Congo, Rep., Gambia, The, Guinea, Guinea-Bissau, Haiti, Indonesia, Iraq, Kenya, Lao PDR, Lebanon, Liberia, Libya, Malawi, Mali, Mauritania, Mozambique, Myanmar, Niger, Nigeria, Philippines, Senegal, Somalia, South Sudan, Sri Lanka, Sudan, Syrian Arab Republic, Yemen, Rep.

Food Inflation YoY in Nigeria measures the year-over-year change in the prices of food items, reflecting the cost of living and purchasing power of consumers.

Nigeria Inflation Rate: Average Annual : Food data was reported at 14.802 % in Nov 2018. This records a decrease from the previous number of 15.355 % for Oct 2018. Nigeria Inflation Rate: Average Annual : Food data is updated monthly, averaging 10.760 % from Dec 1996 (Median) to Nov 2018, with 264 observations. The data reached an all-time high of 31.047 % in Mar 2002 and a record low of -14.147 % in Dec 2000. Nigeria Inflation Rate: Average Annual : Food data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.I004: Inflation Rate.

As of June 2023, the food inflation rate in Nigeria stood at around 25.09 percent compared to June 2022. This rate was the highest rate in the period under review. Overall, the food inflation rate in Nigeria followed an increasing trend.

As of May 2024, the average price in Nigeria for a unit of frozen chicken added up to slightly over 4,829 Nigerian naira (NGN), which equaled 3.2 U.S. dollars. One kilogram of boneless beef cost 4,712 NGN (3.14 U.S dollars), whereas one piece of medium-sized chicken eggs reached nearly 151 NGN (10 cents).

In September 2023, the Consumer Index Price of food in Nigeria stood at 737.3, increasing from the previous year. Consumer price index is a measure that examines the changes in the purchasing power of a currency. It measures changes in the price level of the market basket of consumer goods and services purchased by households. The movement of the Consumer Price Index is the main measure for inflation rate.

Core consumer prices in Nigeria increased 19.53 percent in September of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Nigeria Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In September 2023, the Consumer Index Price in Nigeria was the highest for food, food and non alcoholic beverages, as well as imported food, and transport.

Consumer price index is a measure that examines the changes in the purchasing power of a currency. It measures changes in the price level of a market basket of consumer goods and services purchased by households. The movement of the Consumer Price Index is the main measure for inflation rates.

Abstract

Food price inflation is an important metric to inform economic policy but traditional sources of consumer prices are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual price trends in rural or poverty-stricken areas, where large populations reside in fragile situations. This data set includes food price estimates and is intended to help gain insight in price developments beyond what can be formally measured by traditional methods. The estimates are generated using a machine-learning approach that imputes ongoing subnational price surveys, often with accuracy similar to direct measurement of prices. The data set provides new opportunities to investigate local price dynamics in areas where populations are sensitive to localized price shocks and where traditional data are not available.

        A dataset of monthly food price inflation estimates (aggregated for all food products available in the data) is also available for all countries covered by this modeling exercise.

Geographic coverage notes

The data cover the following sub-national areas: Abia, Borno, Yobe, Katsina, Kano, Kaduna, Gombe, Jigawa, Kebbi, Oyo, Sokoto, Zamfara, Lagos, Adamawa, Market Average

Consumer Price Index CPI in Nigeria increased to 127.70 points in September from 126.80 points in August of 2025. This dataset provides - Nigeria Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of January 2021, the greatest majority of Nigerian households reported experiencing an increase in the prices of essential food items, as over ** percent of households said the prices of beans, cassava, yam, and sorghum shot higher since January 2020. Moreover, ** percent of respondents said that the prices of rice increased over the same timespan and ** percent found onion more expensive than it used to be.

Nigeria Agriculture – Food Price Inflation

  Dataset Description

CPI food components, regional variations, staple foods. Category: Agricultural Markets & PricingRows: 20,000Format: CSV, ParquetLicense: MITSynthetic: Yes (generated using reference data from FAO, NBS, NiMet, FMARD)

  Dataset Structure





  Schema

state: string commodity: string month: string price_index: float inflation_yoy_pct: float

  Sample Data

| state | commodity | month |… See the full description on the dataset page: https://huggingface.co/datasets/electricsheepafrica/nigerian_agriculture_food_price_inflation.

Abstract

This dataset provides high-frequency food security alerts and metrics of key indicators relevant to food security crises, offering critical insights into localized risks in areas prone to food insecurity. The dataset includes metrics such as food price inflation, agricultural productivity shocks, and economic indicators, designed to support the identification of emerging food crises.

Generated using a data-driven approach, food security alerts are calibrated for accuracy and reliability, capturing granular trends often missed by traditional, infrequently updated assessments. The dataset aims to enhance the ability of policymakers, humanitarian organizations, and researchers to monitor and respond to food security risks promptly, supporting proactive interventions to mitigate impacts on vulnerable populations.

Geographic coverage

Nigeria, down to sub-national level, 37 admin 1 areas and 774 admin 2 areas

Geographic coverage notes

The sub-national levels follow the COD standard (https://knowledge.base.unocha.org/wiki/spaces/imtoolbox/pages/2557378679/Administrative+Boundaries+COD-AB)

Analysis unit

Sub-national level, admin 2, monthly basis

Kind of data

Alert levels for each indicator that drives food insecurity in Nigeria, where the level can be Typical (no alert raised), Heightened or Critical

Frequency of data collection

monthly

Zimbabwe had the highest inflation in Africa as of 2023. The rate reached roughly 172 percent when compared to the previous year, according to the source's estimates. This was followed by Sudan, with a rate increase of over 71 percent. Inflationary pressures in the country have been driven by a long-running economic crisis and political instability. By the end of 2021, the already fragile Sudanese economy suffered again when military forces took control of the government. With a

通货膨胀率：年均：食品在11-01-2018达14.802%，相较于10-01-2018的15.355%有所下降。通货膨胀率：年均：食品数据按月更新，12-01-1996至11-01-2018期间平均值为10.760%，共264份观测结果。该数据的历史最高值出现于03-01-2002，达31.047%，而历史最低值则出现于12-01-2000，为-14.147%。CEIC提供的通货膨胀率：年均：食品数据处于定期更新的状态，数据来源于Central Bank of Nigeria，数据归类于Global Database的尼日利亚 – 表NG.I004：通货膨胀率。

Prices in Nigeria are increasing due to steady inflation and food items are particularly impacted. Food items also have different prices across the states. In Kaduna State, one kilogram of yam tubers costed 539 Naira in August 2023 (around 0.4 U.S. dollars). One kilogram of onion bulbs reached 403 Naira, about 0.3 U.S. dollars, while one bottle of vegetable oil costed on average 1511 Naira per liter, roughly 1.06 U.S. dollars.